Tamarac VA Loans

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A Tamarac VA mortgage loan is a home loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of obtaining a home loan can become simpler for vets. The actual money is lent by the lenders themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Tamarac Florida VA Mortgage?

There are four types of people who can request Tamarac VA home loans. These are:

• Veterans who served with the United States military.
• Military men who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Tamarac VA Loans

Not every veteran qualifies for a VA home loan. In order to be eligible, veterans require:

• Sufficient and reliable credit background.
• A fixed and stable means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the department of Veterans Affairs loan in Tamarac Florida is granted only when the home is for personal use of the client. However, the money can be used to buy the home, develop it or to make improvements in it, as per the requirements of the client.

Gathering a COE for Tamarac VA Home Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have completed specific time durations of honorable service. On the other hand, the eligibility criteria for the spouses of veterans to obtain a mortgage loan is slightly different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are POWs.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which still alive but were disabled during service.

If you think you are eligible for a Tamarac Florida VA loanscontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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